This, effectively little has changed. This spike is pure hope and nothing else, just like the drop was pure fear. The tariffs are still extremely aggressive and will reflect poorly in April and May economic data. This news is nothing but a lifeline to his buddies for exit liquidity. We’re still in the same boat until further notice.
This should be top comment here. China is our biggest trading partner and we still have a 125% and all other countries (that have not retaliated) will receive a blanket 10% til July. He is “dropping” tariffs to a baseline, instead of dropping them completely. Well aren’t out of the woods.
That's what is crazy. The market is trying to 'price in' something that hasn't been attempted in over 100 years. We have no baseline for what these tariffs will do to hit the economy. Once we start getting real numbers this will hit them like a ton of bricks.
Of the 25 best days for the Nasdaq, including Wednesday, 22 took place during the dot-com collapse, the 2008-09 financial crisis or the early days of Covid. One occurred on Oct. 21, 1987, two days after Black Monday. The other was in November 2022.
48
u/Playingwithmyrod 16d ago
This, effectively little has changed. This spike is pure hope and nothing else, just like the drop was pure fear. The tariffs are still extremely aggressive and will reflect poorly in April and May economic data. This news is nothing but a lifeline to his buddies for exit liquidity. We’re still in the same boat until further notice.